Road Haulage Market Insights:
The Road Haulage Market size was valued at USD 6.41 Billion in 2022, expecting a CAGR of 5.4% during the forecast period (2023-2030), and the market is projected to be worth USD 9.76 Billion by 2030.
The increased adoption of Road Haulage in the Automotive & Transportation industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Road Haulage also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Road Haulage in many sectors also boosts the market growth during the forecast period.
Road haulage, also known as road transport or trucking, is the transportation of goods by road using commercial vehicles such as trucks, lorries, and trailers. This type of transportation is essential for the movement of goods between different locations, including within cities, across countries, and even between continents. Road haulage is a vital part of the global supply chain, and it plays a significant role in the economy by facilitating trade and commerce.
Road Haulage Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (International Road Haulage, Domestic Road Haulage), By Vehicle Type (Light Commercial Vehicles, Heavy Commercial Vehicles), By End User (Mining & Construction, Oil & Gas, Food & Beverages, Retail, Manufacturing, Healthcare), and companies (CONCOR, Kindersley Transport Ltd., Gosselin Group, LKW WALTER International Transport organization AG, Monarch Transport, AM Cargo, Manitoulin Transport Inc., SLH Transport Inc., Woodside Logistics Group, UK Haulier.), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 5.4%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||9.76 Billion|
|By Type||International Road Haulage, Domestic Road Haulage|
|By Vehicle Type||Light Commercial Vehicles, Heavy Commercial Vehicles|
|By End User||Mining & Construction, Oil & Gas, Food & Beverages, Retail, Manufacturing, Healthcare|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||CONCOR, Kindersley Transport Ltd., Gosselin Group, LKW WALTER International Transport organization AG, Monarch Transport, AM Cargo, Manitoulin Transport Inc., SLH Transport Inc., Woodside Logistics Group, UK Haulier.|
The COVID-19 pandemic has had a substantial negative influence on the Road Haulage market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
CONCOR, Kindersley Transport Ltd., Gosselin Group, LKW WALTER International Transport organization AG, Monarch Transport, AM Cargo, Manitoulin Transport Inc., SLH Transport Inc., Woodside Logistics Group, UK Haulier.
Market Segment Analysis:
- International Road Haulage
- Domestic Road Haulage
By Vehicle Type
- Light Commercial Vehicles
- Heavy Commercial Vehicles
By End User
- Mining & Construction
- Oil & Gas
- Food & Beverages
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Road Haulage industries in the region.
Key Road Haulage Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Road Haulage Market segments.
– Largest Market Share Held by Industry to Industry for Road Haulage
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Road Haulage Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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